Morningstar

NYLI MacKay California Muni Intmdt ETF MMCA

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub

Morningstar’s Analysis MMCA

Will MMCA outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MMCA’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MMCA management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MMCA’s parent organization’s priorities and whether they’re in line with investors’ interests.

IQ MacKay California Mncpl Intmdt ETF’s Process Pillar rating is Average, but a strong management team still helps this strategy retain its Morningstar Medalist Rating of Bronze.

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Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MMCA

More MMCA Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 35.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

GUAM GOVT BUSINESS PRIVILEGE TAX REV 5%

5.30 1.3 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.5%

4.40 1.1 Mil
municipal

WEST CONTRA COSTA CALIF UNI SCH DIST 0%

4.30 1.1 Mil
municipal

GUAM PWR AUTH REV 5%

4.11 1.0 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

4.05 1.0 Mil
municipal

COMPTON CALIF UNI SCH DIST 5%

3.16 803,808
municipal

KERN CALIF CMNTY COLLEGE DIST 5%

2.92 741,645
municipal

CALIFORNIA ST 5.25%

2.52 641,443
municipal

NEWPORT BEACH CALIF IMPT BD ACT 1915 4.125%

2.52 640,637
municipal

GUAM GOVT BUSINESS PRIVILEGE TAX REV 5%

2.35 595,956
municipal

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